St. Louis, Mo. — IKEA plans to break ground on a three-level, 380,000-sq.-ft. building in midtown St. Louis this summer, according to Pace Properties, the broker selected by IKEA to help facilitate the chain’s expansion into the St. Louis market.
The site is a 21-acre redeveloped tract at the intersection of Forest park and Vendeventer avenues within the 240-acre CORTEX Life Science District in midtown St. Louis.
The building will feature two floors of showroom space above a ground-level garage. With supplemental surface parking, the site will accommodate 1,250 vehicles.
Pace began evaluating properties in metro St. Louis in 2004. Overall, the firm analyzed more than 30 prospective locations. A defining characteristic of the site IKEA selected is its urban setting in a gentrifying area of St. Louis City. IKEA typically favors suburban locations.